News

Falling inflation – what does it mean for you?

The following notes are reproduced from a Treasury statement issued 21 May 2024. Lower inflation supports...

New Brooms

As time passes during the present election campaign, its seems more likely that we may...

Tax Diary July/August 2024

1 July 2024 - Due date for corporation tax due for the year ended 30...

Transferring unused IHT residence nil rate band

The Inheritance Tax residence nil rate band (RNRB) is a transferable allowance for married couples...

Directors and National Insurance

Directors are classed as employees and pay National Insurance on annual income from salary and...

Statutory Pay assistance

An employer can usually reclaim 92% of employees’ Statutory Maternity, Statutory Paternity, Statutory Adoption, Statutory...

Need to register for self-assessment?

There is an online tool, developed by HMRC, that allows taxpayers to check if they...

Setting up as a sole trader

Setting up in business as a sole trader is arguably the simplest way of starting...

Filing your tax return early

The 2023-24 tax year ended on 5 April 2024 and the new 2024-25 tax year...

New protection for consumers

The Digital Markets, Competition and Consumers Act has become law after receiving Royal Assent. The Act...

Change

There is a French saying “Plus ca change, plus c’est la meme chose” meaning, the...

Employee suggestion schemes

There are many advantages to creating an employee suggestion scheme where employees are rewarded for...